2003
DOI: 10.1016/s0305-0483(02)00061-0
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Consider your options: changes to strategic value during implementation of advanced manufacturing technology

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Cited by 60 publications
(30 citation statements)
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“…Therefore, financial indicators are applied in some situations (Bhimani, 1994) whereas nonfinancial indicators are incorporated in other situations (Abernethy & Lillis, 1995;Westra, Srikanth, & Kane, 1996). Nonfinancial indicators are superior measures in evaluating the firms' performances on competitive advantages (Gronum et al, 2012;Hilman, 2009;Hilman & Mohamed, 2011;Kaplan & Norton, 2005) and the third category is a situation where both financial and nonfinancial measures are put to use (Bititci et al, 1997;Kaplan & Norton, 2005;MacDougall & Pike, 2003). The management strategic goal of each organization should reflect the choice of a measurement criterion (Ward, Duray, Leong, & Sum, 1995).…”
Section: Organizational Performancementioning
confidence: 99%
See 1 more Smart Citation
“…Therefore, financial indicators are applied in some situations (Bhimani, 1994) whereas nonfinancial indicators are incorporated in other situations (Abernethy & Lillis, 1995;Westra, Srikanth, & Kane, 1996). Nonfinancial indicators are superior measures in evaluating the firms' performances on competitive advantages (Gronum et al, 2012;Hilman, 2009;Hilman & Mohamed, 2011;Kaplan & Norton, 2005) and the third category is a situation where both financial and nonfinancial measures are put to use (Bititci et al, 1997;Kaplan & Norton, 2005;MacDougall & Pike, 2003). The management strategic goal of each organization should reflect the choice of a measurement criterion (Ward, Duray, Leong, & Sum, 1995).…”
Section: Organizational Performancementioning
confidence: 99%
“…Some are based on financial measures (e.g., Kamyabi & Devi, 2012;Liao & Wu, 2009) and nonfinancial indicators (e.g., Gronum, Verreynne, & Kastelle, 2012;Hilman & Mohamed, 2011;Kaplan & Norton, 2005;Kirby, 2005) and others are based on the combination of both financial and nonfinancial measures (e.g., Bititci, Carrie, & McDevitt, 1997;Kaplan & Norton, 2005;MacDougall & Pike, 2003). These indicators are developed to serve profit-oriented organization, which could not be appropriate to be applied to organizations in the academia where teaching, community service, research, and publications are the main business.…”
Section: Introductionmentioning
confidence: 99%
“…Numerous scholars have recommended that performance measurement must involve both financial and non-financial dimensions (Kaplan & Norton, 1996;MacDougall & Pike, 2003). Therefore, balanced scorecard (BSC) retained the financial measures and added three non-financial perspectives, namely customer, internal process and learning and growth (Kaplan & Norton, 1992, 1996.…”
Section: Performance Measurementmentioning
confidence: 99%
“…Conversely, projects without this flexibility have a relatively lower value to the firm. While real options analysis has been widely advocated for strategic investment appraisal, empirical evidence of its uptake remains thin (MacDougall & Pike, 2003) and the findings to date are inconsistent. On the one hand it has been suggested that few practitioners understand or use the real options approach (Busby & Pitts, 1997), but other studies note that some companies have begun to draw on it in their strategic investment analyses ( Trigeorgis, 1999).…”
Section: Real Options Analysismentioning
confidence: 99%